Canadian Crypto FOMO

Per the latest podcast of The Decibel by the Globe and Mail – FTX and  Canadian crypto FOMO, FTX wanted to enter Canadian Market because but it never completed.  One possible reason is that they didn’t open their accounting/financial records to Ontario Securities Commission. Should we Canadians be proud because Canadian investors have better regulationsContinue reading “Canadian Crypto FOMO”

Only invest the amount you can afford to lose?

The crypto winter continues. FTX, the second largest cryptocurrency exchange, declared bankruptcy today and the founder Sam Bankman-fried stepped down. There is some Canadian connection here. The Ontario Teachers Pension Plan invested $95 million in FTX, but they said impact is limited because it only counts 0.05% of its total net asset.  This emphasizes theContinue reading “Only invest the amount you can afford to lose?”

Do you have to invest in Crypto?

The answer I like is to invest only the amount that you CAN absolutely afford to lose. The concern is that it doesn’t have underlying value and can be worthless one day. The hype is all the projections of how high the price can grow in a very short time. There are many experts onContinue reading “Do you have to invest in Crypto?”